exotic payouts on betting sites

Hi guys can someone please explain to me if this is standard practice.

I hit the pa today x80 , on my betslip the payout shows R14,568.00 but my account was only credited with R13,693.92.

There is a difference of 6% which has been taken off. Is this a standard practice with betting sites?

If not, are there any sites that offer less than 6% "TAX" or do they all take 6 %?

Thanks

Im still learning the ropes , my apologies if its a stupid question.

You can't be that stupid if you won such a nice payout.... well done

thanks... a little ( sometimes a lot ) of Luck doesn't hurt

you dont pay 6 percent win tax on tote bets with bookmakers s far as i know...i take mine with hollywood and never get charged 6 percent tax..who did you take your bet with

The bet was with world sports , I did phone and they said they take 6% on all horse racing.

I was just wondering if other sites do this as well? or are there sites that offer a lesser % as I feel 6% is high considering I am already getting taxed on my payout from the tote.

Maybe you were in over draft on your account in the amount of 874.08

hollywood charge zero

Nope that not it, as i said they did say when I called that they take 6% on all horse racing bets.

Thanks pirate, will definately check them out.

I think they do deduct 6% of ur winnings.certain sites but not all.i read sumting like that on a sports betting site in terms & conditions probably.one of the reasons i didnt bother...

Yeah you right, I just found it.


Terms and Conditions
Betting Tax

There is no betting tax on all sports and lotto bets. However, all winning horse racing transactions are subject to a 6% betting tax. In the case of a mixed sports/horse racing multiple, winnings will be subject to 6% betting tax, even if the sports event is scratched or abandoned.


Think im gonna give Hollywood a shot.

seems like suddenly there are a few guys having "problems" with bookmakers! Amazing how it coincides with TOTE DIVIDENDS being a problem or am I just being a cynical old fool?(Maybe I've been on the forums too long?)

I don`t think there was any problems here Mr H,